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pickupchik [31]
4 years ago
5

If the simple annual interest rate on a loan is 6, what is the interest rate in percentage per month?

Mathematics
1 answer:
zzz [600]4 years ago
4 0

Answer:

0.5 %  

Step-by-step explanation:

 Annual rate = 6 %/yr

Monthly rate = ¹/₁₂ × 6 = 0.5 %/mo

If you invested $100 at 6 % annual simple interest, you would have <em>$106 </em>at the end of the year.

Simple interest is calculated only on the principal.

If the interest were calculated at 0.5 % monthly simple interest, you would get $0.50 at the end of each month. At the end of 12 mo, you would have <em>$106. </em>

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Simplify x + 2 + x + 2 + x + 2 + x + 2 + x + 2 + x + 2 + x + 2 + x + 2 + x + 2. Write in simplified form, giving reasons. Someon
Oksanka [162]

easiest thing to do is combine like terms. There are 9 2's, which means 9(2) which equals 18. Now for the X's. There are 9 X's meaning (9)x which is 9x. This all makes up

18+9x

hope this helps

6 0
3 years ago
Read 2 more answers
Bowser bought mushrooms
8090 [49]

The amount he should pay for 5 pounds of mushrooms is $3.6

<u>Step-by-step explanation:</u>

Given data is that,

Bowser bought 6 pounds of  mushrooms at a rate of $4.32

At the same rate, determining that how much he should pay for 5 pounds of mushrooms is given by the rate formula.

Rate = total cost / total number of mushrooms

Now, Rate = 4.32 / 6

Let us assume, the cost for 5 pounds as 'x' dollars.

Therefore, Rate = x / 5

<u>To find the value of x, compare both the rates :</u>

⇒ 4.32 / 6 = x / 5

bringing 5 to the left side of the equation,

⇒ (4.32×5) / 6 = x

⇒ x = 21.6 / 6

⇒ x = 3.6 dollars

The amount he should pay for 5 pounds of mushrooms is $3.6

5 0
3 years ago
I have no idea how to do this, this is just a wild guess
goldfiish [28.3K]
I think its $21 because since 72 was left over you subtract it from 240 and it leaves 168 which u divide by 8 and get $21
5 0
3 years ago
Read 2 more answers
Write 2.05 × 10^5 without exponents.
kondor19780726 [428]

Answer: 205000

Step-by-step explanation:

4 0
3 years ago
PLS HELP ASAP!!
zepelin [54]

Answer:

D

Step-by-step explanation:

A = P(1 + \frac{r}{n})^{nt}\\

[5000* (1+0.125)]/12 =234.375, rounds up to $234.38

8 0
3 years ago
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